Focus on stocks on January 10: Avenue Supermarts, Aviation Stocks, Tata Steel, SH Kelkar, MGL and many more
The benchmarks settled in with decent gains on Friday, January 7, 2022, supported by oil and gas and banking stocks. The barometer index, the S&P BSE Sensex, rose 142.81 points or 0.24% to 59,744.65. The Nifty 50 index gained 66.80 points or 0.38% to 17,812.70. But some stocks made the news after the market closed. These actions may impact the indices when it reopens on Monday January 10, 2022. List of these five actions:
Avenue Supermarts: The operator of the Avenue Supermarts hypermarket chain announced on Saturday a 24.7% year-over-year increase in stand-alone profit to Rs 586 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 470 crore in the corresponding quarter of the previous fiscal year. year. Its revenue rose 22% to Rs 9,065 crore, from Rs 7,433 crore posted last year. EBITDA stood at Rs 862 crore, up 25.6% from Rs 692 crore reported last year. The margin stood at 9.6% in Q3FY22 versus 9.3% in Q3FY21. The general merchandise and clothing businesses consistently see a relatively smaller contribution to sales, while essentials and FMCGs do better.
Q3FY22 Commercial Update
Steel tata: Tata Steel on Friday reported a 4.3% year-on-year increase in domestic steel production from 46 lakh tonnes to 48 lakh tonnes in the third quarter ended December 31, 2021. Domestic sales fell 5.1% to 44.1 lakh tonnes at T3FY22 against 46.5 lakh tonnes sold in Q3FY21. Tata Steel Europe’s production increased from 25.9 lakh tonnes YOY to 25.6 lakh tonnes. Steel sales in Europe increased from 21.1 lakh tonnes to 21.5 lakh tonnes.
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Long Tata Steel Products: The company sold 1.64 lakh tonnes of salable steel during Q3FY22. Crude steel production was 1.71 lakh tonnes, an increase of 16% year-on-year.
Oberoi Realty: The company reported a 57.9% year-over-year jump in unit booking. Oberoi Realty sold 371 units in the last quarter compared to 235 units a year ago. He said the area booked increased 104% year-on-year to 10.4 lakh square feet at T3FY22 from 5.1 lakh square feet booked last year. The value of bookings jumped 102.4% year-on-year to reach Rs 1,965 crore in Q3FY22 from Rs 971 crore in Q3FY21.
Sobha Ltd. : The company in its trade update for T3FY22 said its quarterly sales increased 16.7% year-on-year to 13.22 lakh square feet at T3FY22, compared to 11.22 lakh square feet sold at T3FY21. The total sales value jumped 18% to Rs 1,047.5 crore from Rs 887.6 crore. Achieved the best share on record in sales value, which increased 34% year-on-year, to Rs 908.2 crore in the quarter, from Rs 677.7 crore. Average achievement rose 1.15% to Rs 792 crore from Rs 783 crore. In addition, the company’s average cost of borrowing also declined during the quarter. It achieved the highest total sales volume and sales value on record in nine months. Reached the highest ever sales volume in Bangalore during 9M-22.
SH Kelkar: The company witnessed a pickup in demand for discretionary and non-discretionary items in emerging markets during the review period. However, headline inflation moderated volume growth with a contraction in the portfolio share of consumers. In European markets, the Company saw an improvement in demand during the quarter. On a consolidated basis, T3FY22 sales improved by 5.5% at constant scope. In 9MFY 2021-22, sales stood at Rs 1,110 crore compared to Rs 919 crore in 9MFY 2020-21, an increase of 21% year-on-year. On the balance sheet, the company’s net debt stood at Rs 438 crore as of December 31, compared to Rs 347 crore as of September 30, 2021.
Aeronautical actions: Amid the surge in Omicron cases, domestic air passengers fell 39% in 2 weeks. In addition, the Ministry of Health has issued new guidelines for international arrivals in India, requiring passengers to submit a self-report form and pre-book a COVID test online. Upon arrival, passengers will be required to submit a sample for the COVID-19 test at the point of arrival and wait for the test results. If they test negative, they will undergo a home quarantine for 7 days and undergo an RT-PCR test on the 8th day of their arrival in India. Travelers will also be required to download the results of the repeated RT-PCR test for COVID-19 performed on the 8th day of their arrival in India. The revised guidelines will take effect from January 11 and will be applied until further notice.
Indigo: Low-cost carrier Indigo said on Sunday it would waive change fees for all new and existing bookings made through January 3, for flights through March 31. It also announced the withdrawal of 20% of its scheduled flights due to the drop in demand.
MGL: Mahanagar Gas Ltd (MGL) has raised prices for CNG and PNG as of midnight Saturday. The base price of CNG has been increased from Rs 2.50 / kg to Rs 66 / kg and the domestic PNG from Rs 1.50 / SCM to Rs 39.50 / SCM for the Mumbai metropolitan area (MMR),
Lupine: LIC increased its stake in the company from 7.86% to 8.39%. ICICI Prudential Life reduced its stake to below 1%. Its stake was 1.11% at T2FY22.
Dynamics of Bharath: LIC reduced its stake in the company from 8.7% to 8% in the third quarter of fiscal 22.